Why Crypto’s Current Whiplash is Different
The current whiplash in cryptos is driven more by bets on the changing economic landscape than by the asset class itself, despite the extreme volatility in digital assets over the years.
Starting with the record-longest US federal government shutdown, the see-saw in global markets has shown a clear trend – uncertainty.
No asset class has remained immune to the wild moves, with traders divided on almost every aspect of key drivers in markets.
While the divergence in crypto returns compared to traditional assets from a year ago is clear, the trading levels themselves are a trend story. The wider adoption of cryptos is a reality. Crypto products have expanded exponentially, even as naysayers’ warnings continue to reverberate across the…
